Neonode Inc. (NEON) Form 10-Q — Aug 12, 2026

$NEONForm 10-QFiled Aug 12, 2026, 9:20 AM ET0001437749-26-027162Original filing

Neonode reported Q2 2026 revenue of $477,000, down 20.4% year over year, as license fees rose 9.2% to $441,000 on stronger MultiSensing licensing (up more than fivefold) but non-recurring engineering revenue collapsed 81.5% to $36,000. Net loss widened to $2.1 million from $1.9 million, and H1 2026 revenue slipped 1.9% to $1.09 million. Cash and equivalents stood at $21.3 million at June 30, 2026 versus $25.4 million at year-end 2025, with H1 operating cash burn of $4.0 million, and management believes it has sufficient capital to fund operations for the next twelve months. No shares were sold under the $10 million Ladenburg ATM facility during the first half of 2026.

Key figures

Eps: -$0.13 (Q2 2026 basic & diluted net loss per share); -$0.24 (H1 2026)
Revenue: $477 thousand (Q2 2026); $1.091 million (H1 2026)
Net Income: -$2.111 million (Q2 2026 net loss); -$3.974 million (H1 2026)
Revenue Yoy: -20.4% (Q2 2026 YoY); -1.9% (H1 2026 YoY)
Total Assets: $23.634 million at June 30, 2026
Cash Position: $21.32 million at June 30, 2026 (vs $25.36 million at Dec 31, 2025)
Shares Outstanding: 16782922
Atm facility: $10 million Ladenburg ATM facility; no shares sold in H1 2026
Nre revenue q2: $36K, down 81.5% YoY
Gross margin q2: 98.1%
License fees h1: $1.033M, up 14.7% YoY; MultiSensing license revenue grew more than fivefold in Q2
License fees q2: $441K, up 9.2% YoY
Working capital: $20.3 million
Accumulated deficit: $219.6 million
Stockholders equity: $20.76 million
Weighted avg shares: 16,783 thousand
Operating cash use h1: -$4.0 million
Customer concentration q2: Seiko Epson 34.0%, Commercial Vehicle OEM 31.2%, Hewlett-Packard 18.6%, Alps Alpine 12.4%
Receivables concentration: Four customers = 95.7% of accounts receivable and unbilled revenues

Price after filing

1 day: -10.8%7 days: -9.3%30 days: -16.2%

Close on the filing date to close N calendar days later (from $0.99). Historical, not a forecast.

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